Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Platinum Credit Card by Tamil Nad Mercantile Bank is a card that is offered to customers who maintain a fixed deposit with the bank. The card is given against the fixed deposit amount which is a minimum of Rs.50,000. The TMB Platinum Credit Card comes with no joining fee and a renewal fee of Rs.250.
| Add-on card Benefit | Up to 2 add-on credit cards for family members. |
| Green PIN Benefits | TMB offers a paperless service and offers the PIN will be a green PIN where it will be generated online. |
| Cash Advance Benefits | 25% of the credit limit can be given as an advance. |
| Interest-free Credit Period | Up to 45 days |
The limit on the TMB Platinum Credit Card is given against a term deposit by the customer. On a term deposit of a minimum of Rs.50,000, the credit card limit will be assigned. A minimum credit limit of Rs.20,000 will be assigned.
| Type of Charge | Amount |
|---|---|
| Issuance charges | Free |
| Renewal fee | Rs.199 |
| Finance charges | 2% |
| Annual fee | Rs.250 |
| Replacement card charges | Rs.100 |
| Late payment charges | Rs.250 |
| Cash advance transaction fee | 3% of the transaction amount |
| Charge slip retrieval fee | Rs.100 |
| Duplicate statement fee | Rs.100 |
| Cheque dishonour fee | Rs.150 |
Yes, the primary applicant can avail up to 2 add-on credit cards along with the primary TMB Platinum Credit Card for family members.
No, there is no joining fee charged for the TMB Platinum Credit Card.
The minimum credit limit offered on the credit card is Rs.20,000.
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